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Industry Report Card: Australian And N.Z. Consumer-Related Corporates Maintain Sound Credit Quality, Despite Difficult Conditions Apr 08 Product Image

Industry Report Card: Australian And N.Z. Consumer-Related Corporates Maintain Sound Credit Quality, Despite Difficult Conditions Apr 08

  • Published: April 2008
  • Region: Australia
  • Standard & Poors

FEATURED COMPANIES

  • Ansell Ltd.
  • AWB Harvest Finance Ltd.
  • Coca-Cola Amatil Ltd.
  • Fairfax Media Ltd.
  • Lion Nathan Pty Ltd.
  • Qantas Airways Ltd.
  • MORE

Abstract
Rated consumer-related corporates across Australia and New Zealand maintained relatively sound credit quality in the past six months, despite difficult trading conditions and the prospect of a weakening economic environment. Unlike companies in some other sectors, the region's consumer-related corporates have so far managed to withstand the credit-market turmoil. Indeed, most entities have strong liquidity or are well-placed to satisfy upcoming debt maturities and capital-spending requirements. Credit quality is likely to remain relatively stable across the region's 19 rated consumer-related corporates in 2008. The distribution of rating outlooks supports this view; 14 of these entities have stable outlooks, with four on negative and one on positive. Nevertheless, a modestly negative tone is likely to persist. Notable themes or recent developments...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying READ MORE >

- Telstra Corp. Ltd.
- Ansell Ltd.
- Qantas Airways Ltd.
- Telecom Corp. of New Zealand Ltd.
- Coca-Cola Amatil Ltd.
- Foster's Group Ltd.
- Lion Nathan Pty Ltd.
- Air New Zealand Ltd. (Unsolicited Ratings)
- Tabcorp Holdings Ltd.
- PMP Ltd.
- Fairfax Media Ltd.
- Woolworths Ltd.
- Wesfarmers Ltd.
- AWB Ltd.
- SingTel Optus Pty Ltd.
- Queensland Sugar Ltd.
- Fonterra Co-operative Group Ltd.
- Aristocrat Leisure Ltd.
- AWB Harvest Finance Ltd.
- Crown Resorts Ltd.

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